IMAX Stock Summary and Trading Ideas (Imax | NYSE:IMAX)

Imax Corp is a premier global technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.

Imax trades on the NYSE stock market under the symbol IMAX.

As of November 4, 2024, IMAX stock price climbed to $24.19 with 486,639 million shares trading.

IMAX has a beta of -0.73, meaning it tends to be less sensitive to market movements. IMAX has a correlation of 0.06 to the broad based SPY ETF.

IMAX has a market cap of $1.27 billion. This is considered a Small Cap stock.

Last quarter Imax reported $91 million in Revenue and $.35 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.12.

In the last 3 years, IMAX traded as high as $24.51 and as low as $12.13.

The top ETF exchange traded funds that IMAX belongs to (by Net Assets): IWM, IWO, VTWO, DFAS, VOX.

IMAX has underperformed the market in the last year with a return of +33.7%, while SPY returned +36.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IMAX shares. However, IMAX has outperformed the market in the last 3 month and 2 week periods, returning +14.2% and +14.3%, while SPY returned +5.3% and -2.5%, respectively. This indicates IMAX has been having a stronger performance recently.

IMAX support price is $23.53 and resistance is $24.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IMAX shares will trade within this expected range on the day.